Saint Louis, Volta Redonda's first lot-based condominium development
Come check out Saint Louis, Volta Redonda’s first residential development. It’s brought to you by Tettu!
How Tettu Developed the First Subdivision in Southern Rio de Janeiro State
Saint Louis Residencial was the first subdivision registered in southern Rio de Janeiro State under Law 4,591/64 and Article 1,358-A of the Civil Code—a project that required the development of a new legal framework, as there was no precedent in the region.
The project's figures
- 154,780.51 m² of total area
- 185 lots, spread across 10 blocks
- Club area and 5 green spaces
- Located in the Pinto da Serra / São Luís neighborhood, Volta Redonda — RJ
What Makes a Subdivision Different
Unlike a typical housing development, there is no need to set aside land (on average, 35%) for roads and municipal public facilities. The entire internal area remains private, belonging to the homeowners themselves—providing greater autonomy in management, security, and access control.
The project warranty
The development was registered with a separate trust fund —the legal guarantee provided for in Article 1,358-A of the Civil Code and Article 31-A of Law 4,591/64—which separates the developer’s assets from those of the development itself. It is this separate trust fund, and not a mortgage, that protects the buyer in lot-based condominiums.
How the process was carried out
- Incorporation of the SPE (Special Purpose Entity) responsible for the project
- Preparation of the complete incorporation memorandum—history of the land, contract terms, and a breakdown of areas and independent units
- Statement of Restricted Assets and Other Statements Required by Law
- Approval of the project by City Hall, with a municipal ordinance authorizing the condominium
- Registration at the 2nd Real Estate Registry Office in Volta Redonda
- Drafting of all purchase and sale agreements for the units
The result
Once registration was complete, the development was successfully marketed—all 185 lots found buyers, thanks to the legal certainty provided by a project that had been properly registered from the start.
Would you like to develop a subdivision?
Tettu has already done the first one in the region—get in touch with us.